SKK Holdings gets added 180 days to cure Nasdaq $1 bid price
Rhea-AI Filing Summary
SKK Holdings Limited received an additional 180-calendar day extension from Nasdaq to regain compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. The Company did not regain compliance by October 13, 2025 and obtained the extension after notifying Nasdaq of its intent to cure, including the option to effect a reverse stock split if necessary.
The Company is evaluating options and intends to timely regain compliance, while noting there is no assurance it will do so or remain in compliance with other Nasdaq requirements. A press release discussing the extension was issued on October 17, 2025 and filed as Exhibit 99.1.
Positive
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Negative
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Insights
Nasdaq grants 180-day cure window; reverse split possible.
SKK Holdings remains out of compliance with Nasdaq’s minimum bid price rule requiring at least
The filing states the Company may effect a reverse stock split if needed. That tool can mechanically raise the share price but does not change fundamentals. The Company’s intention is to regain compliance, but the filing cautions there is no assurance of success.
Concrete milestones include the second 180‑day window and the Company’s stated evaluation of options. Actual impact depends on market price performance or corporate actions taken during the extension.